All posts tagged Cloudera

Hortonworks Inc., one of several companies commercializing the big data software Hadoop, appears to have dropped out of The Wall Street Journal’s Billion Dollar Startup Club.

New regulatory paperwork filed in connection with the company’s planned initial public offering shows an implied valuation of less than $600 million, significantly lower than what the company reported in March, when Chief Executive Rob Bearden told Venture Capital Dispatch that Hortonworks had raised a $150 million Series D round at a valuation of more than $1 billion. Read More »

Intel invested in Cloudera at a $4.1 billion valuation and is dropping its own version of Hadoop, which is software that can analyze huge amounts of data by breaking it up into chunks and spreading it across thousands of standard servers. Intel chips power many of these servers, and the company expects to benefit as more companies use Hadoop.

Cloudera investor Frank Artale, a managing director at Ignition Partners and a former executive at Microsoft during the 1990s, said Intel is doing for Cloudera what it once did for Microsoft and Windows. Read More »

Hortonworks, whose Hadoop software has been a big driver of the current interest in Big Data, raised $100 million at a valuation of more than $1 billion as it prepares to go public sometime in 2015. Read More »

Cloudera Inc. has raised $160 million in new funding led by T. Rowe Price and three other unnamed public-market investors as companies’ passion for using big data continues to grow.

The size of the funding and the presence of investors like T. Rowe Price is a sign of the increasing momentum of enterprise software companies. Firms like T. Rowe Price often make late-stage investments in hot private companies headed toward an IPO.

Earlier this month the firm took part in a $60 million financing round for event ticketing company Eventbrite Inc. and a $157 million round for Wayfair Inc., an online purveyor of home goods. It took large late stakes in Facebook Inc. and Twitter Inc. before their IPOs.

On the enterprise side, the firm was also a late-stage backer of Workday Inc., cloud computing company that has performed well since its IPO in late 2012. Read More »